rwhannu: "It's maybe just me, but if people have these serious concerns about how
coming out ahead on any gaming sessions will mess up their Medicare and/or
taxes and their proposed alternative is to play in a way where you don't have
any profit at all, then I'd begin to question why they bother to play VP to
begin with."
Someone may have already mentioned it, but just in case...
An artificially inflated AGI can, indeed, wreak havoc with one's Medicare B & D premiums. However, premium increases are not permanent. If, e.g., one's Line 21 income (and AGI) in the very next year* is down sufficiently, then one's premiums will be reduced correspondingly.
*Actually, I believe there's a "lag time" involved. I.e., high AGI in 2014 will affect 2016 premiums, not 2015. And a lower AGI (if enough lower) in 2015 will affect 2017 premiums.
[Non-text portions of this message have been removed]
Posted by: roaches@austin.rr.com
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